If you’ve been following the news recently, you might be convinced that the economy is in good shape. Economists typically define a recession as a period of two or more quarters of economic contraction. By this measure, the Great Recession officially ended in 2009. Since then, the economy has reportedly been recovering. The unemployment rate recently fell to 6.1% from its peak of 10%. Even more impressive, the Dow Jones Industrial Average has more than doubled since its trough in early 2009 from 6,547.05 to its present value around 16,500.
Posted on: Wed, 13 Aug 2014 22:00:02 +0000